Optimal Density Restrictions in the Los Angeles-Long Beach CSA

Parkhomenko, Andrii; Delventhal, Matthew J.; Kwon, Eunjee; University of Southern California; Pacific Southwest Region 9 UTC, University of Southern California

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Optimal Density Restrictions in the Los Angeles-Long Beach CSA

2020-08-01
By Parkhomenko, Andrii ; Delventhal, Matthew J. ; Kwon, Eunjee

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English

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Creators:

Parkhomenko, Andrii ; Delventhal, Matthew J. ; Kwon, Eunjee

Parkhomenko, Andrii ; Delventhal, Matthew J. ; Kwon, Eunjee Less -
Corporate Creators:

University of Southern California ; Pacific Southwest Region 9 UTC, University of Southern California

University of Southern California ; Pacific Southwest Region 9 UTC, University of Southern California Less -
Corporate Contributors:

California. Dept. of Transportation. Division of Research, Innovation, and System Information ; United States. Department of Transportation. University Transportation Centers (UTC) Program

California. Dept. of Transportation. Division of Research, Innovation, and System Information ; United States. Department of Transportation. University Transportation Centers (UTC) Program Less -
Subject/TRT Terms:

[+]

Commuting Employment Forecasting Population Density Real Estate Development Speed Limits Urban Development Zoning
Publication/ Report Number:

CA20-3415
Resource Type:

Tech Report
Geographical Coverage:

California ; United States

California ; United States Less -
Edition:

Final Report, Aug 1, 2019 -July 31, 2020
Corporate Publisher:

California. Dept. of Transportation. Division of Research and Innovation
Abstract:

We build a quantitative general equilibrium model of residence and employment choices under municipal density limits. Developers decide where to build, businesses decide where to offer jobs, and workers decide where to live and work given exogenous location characteristics, transport infrastructure, and zoning restrictions. We use employment, real estate, and commuting data to identify effective density restrictions for 3,917 Census tracts in the Los Angeles metropolitan area. We then compute two counterfactual scenarios. In the first, zoning restrictions on density are relaxed to the level of downtown L.A. in all urban tracts. In the second, massive improvements to transport infrastructure eliminate congestion-related delays. Each change yields large welfare gains. The first scenario leads to larger increases in output and much larger decreases in real estate prices, while the second scenario brings larger reductions in average commuting time.
Format:

PDF
Funding:

65A0674 TO 15
Collection(s):

University Transportation Centers US Transportation Collection
Main Document Checksum:

[+]

urn:sha256:690537bb29b507dc073a8ddda1100a5d54d8b847d403a7a2c06023958be988d3
Download URL:

https://rosap.ntl.bts.gov/view/dot/55511/dot_55511_DS1.pdf
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Optimal Density Restrictions in the Los Angeles-Long Beach CSA

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